Eagle Financial Services Inc · NASDAQ:EFSI
Eagle Financial Services — Q3 2025 Earnings Presentation
20 slides from Eagle Financial Services's earnings presentation, Oct 24, 2025
Slide 1: Earnings Presentation 3rd Quarter 2025
Earnings Presentation 3rd Quarter 2025
Slide 2: Forward Looking Statements
Forward Looking Statements Forward Looking Statements Certain information contained in this Presentation (together with oral statements made in connection herewith, this “Presentation”) may include “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States P
Slide 3: Company Overview
Company Overview The EFSI Story MARYLAND • Eagle Financial Services, Inc. is the parent company for Bank Baltimore of Clarke, and was established over 140 years ago Winchester Annapolis • Commercial focused banking institution operating in several Berryville WASHINGTON DC of the country’s most attra
Slide 4: History of Growth
History of Growth 1881 • Bank of Clarke opened for business 1991 • Eagle Financial Services, Inc. was incorporated 2014 2025 • First expansion out of Clarke County and into 1992 Winchester City, VA and Frederick County, VA MARYLAND MARYLAND markets Baltimore Baltimore Winchester Winchester 2011 • Op
Slide 5: Investment Highlights
Investment Highlights Experienced Leadership Team • Deep management team with community and regional banking experience in the Mid Atlantic Experienced • Insider ownership of ~7% as of 9/30/25 aligns shareholder interest Leadership Team with decision making Attractive Markets of Operation • Operate
Slide 6: Management Team & Board of Directors
Management Team & Board of Directors Seasoned Management Team Experienced and Balanced Board Age: 56 Years on Brandon Lorey Years in Banking: 35 Board Member (Age) Board Experience President, Chief Executive Officer & Director EFSI Experience: 6 Cary C. Nelson (50) President, H. N. Funkhouser & 7 Ye
Slide 7: Our Markets
Our Markets Loudoun and Fairfax Winchester, VA MSA Counties, VA • The oldest city in Virginia west of the Blue Ridge mountains; • Diverse range of commercial focuses, including government founded in 1744 services, national defense, management consulting and • #9 small metro area for business and car
Slide 8: Dominant Market Share in Our Core Markets
Dominant Market Share in Our Core Markets Winchester, VA MSA Historical Growth in Winchester Deposits ($M) Community Deposits Market 23.3% Rank Bank Rank (1) Institution ($mm) Share Branches Rank: 1 1 1 Eagle Financial Services Inc. $796 23.3 % 7 2 -- Truist Financial Corp. 680 19.9 4 3 -- Wells Far
Slide 9: Strategic Objectives
Strategic Objectives Near Term Long Term 2025 2026 and beyond • Maintain focus on strong, profitable organic • Growth-focused, high-performing bank to growth without compromising credit quality create value for our shareholders, customers • Increase operating revenue, manage down and employees NIE/A
Slide 10: Balance Sheet Growth
Balance Sheet Growth Total Assets ($M) Gross Loans ($M) (1) Total Deposits ($M) Source: Company documents; quarterly data as of or for the three months ended each period 10 (1) Gross loans includes held for investment and held for sale loans
Slide 11: Deposit Portfolio
Deposit Portfolio Deposit Composition Deposit Composition Over Time ($M) Q3 ’25 Total Q3 ’25 Cost of $1,767 Deposits: $1.7B Deposits: 1.80% $1,655 $1,546 $1,575 $1,614 Cost of Deposits (%) • Core deposits (1) continue to fuel our organic loan growth • Continued focus on commercial deposits; recently
Slide 12: Loan Portfolio
Loan Portfolio Loan Composition Loan Focus C&D: 31% • Continued focus on providing credit to small- and CRE: 202% medium-sized businesses • Currently prioritizing C&I over owner-occupied lending • No shared national credit exposure and limited exposure to purchased and participated loans • 16 commer
Slide 13: Loan Portfolio Detail
Loan Portfolio Detail C&I and Owner-Occupied CRE (%) Investment CRE (%) • Total C&I and OOCRE Loans: $505 million • Total Investment CRE Loans: $398 million • C&I and OOCRE Loans / Total Loans: 34.6% • Investment CRE Loans / Total Loans: 27.4% • Largest C&I and OOCRE Loan: $15.8 million • Largest In
Slide 14: Asset Quality
Asset Quality • Comprehensive and Nonperforming Assets by Type ($M) conservative underwriting process • Highly experienced bankers incentivized with equity ownership • Commitment to a diverse loan portfolio while (1) (1) maintaining strong asset Reserves / Loans (%) quality metrics • Proactive appro
Slide 15: Earnings, Book Value and Dividends
Earnings, Book Value and Dividends Net Income ($M) Earnings per Share ($) (1) (2) (1) (2) Dividend per Share ($) Tangible Book Value per Share ($)(1) Source: Company documents; data as of or for the year ended each period (1) See appendix for reconciliation of non-GAAP metrics (2) Core income define
Slide 16: Yield and Cost Analysis
Yield and Cost Analysis 16 Source: Company documents; quarterly data for the three months ended each quarter
Slide 17: Profitability Metrics
Profitability Metrics Return on Average Assets (ROAA)(%) Return on Average Equity (ROAE) (%) (1)(2) (1) (2) Core Efficiency Ratio (%) (1) Core Noninterest Income / AA and NIE / AA (%) Core Noninterest Income / Revenue 28.5% 24.1% 22.5% 23.8% 23.1% Source: Company documents; data for the year ended e
Slide 18: Capital Ratios
Capital Ratios Tangible Common Equity / Tangible Assets (%) Bank Level Leverage Ratio (%) (1) CET1 Ratio (%) Total Risk-Based Capital Ratio (%) Source: Company documents; quarterly data as of or for the three months ended each period 18 (1) See appendix for reconciliation of non-GAAP metrics
Slide 19: Non-GAAP Reconciliation
Non-GAAP Reconciliation September 30, December 31, March 31, June 30, September 30, Dollars in millions except per share data 2024 2024 2025 2025 2025 (1) PTPP Income Net Interest Income (GAAP) $13,157 $13,499 $13,336 $15,698 $17,199 Plus: Noninterest Income 5,251 8,521 (8,554) 4,917 5,165 Total Rev
Slide 20: Non-GAAP Reconciliation
Non-GAAP Reconciliation September 30, December 31, March 31, June 30, September 30, Dollars in millions except per share data 2024 2024 2025 2025 2025 Core Net Income Net Income $3,424 $6,186 ($6,974) $5,270 $5,584 Less: Income from Life Insurance Proceeds (FTE) 0 0 0 0 0 Less: Gain (Loss) on the Sa
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